The Government Has Approved Eight FDI Proposals Worth Rs. 696 Crore, Including Those Of ACME Solar Energy, GETIT Infoservices And Mckinsey & Company. The Foreign Investment Promotion Board Cleared The Proposal Of ACME Solar Energy To Bring In Foreign Investment Worth Rs. 275 Crore. The Board Cleared GETIT Infoservices' Proposal To Receive Foreign Investment Worth Rs. 216 Crore For Carrying Out The Publishing Business. The Proposal Of Mckinsey & Company Inc. Also Approved, To Set Up An LLP For Providing Management Consultancy Services, Entailing Foreign Investment Of Rs. 99 Lakh. The Other Proposals Cleared By The Board Include Those Of Courier Company DPD Continental Ltd, Pilot Ventures Media And US-Based AWS Truepower. The Proposal Of Bangalore-Based Tata Advanced Materials Ltd, Was Not Found To Be Within The Purview Of FIPB. The Eight Proposals Which Were Deferred By The FIPB. The Proposals Rejected Were Those Of Sunil Hitch, Triton Hotel And Karuturi Global. FIPB Has Reserved The Decision For Mauritius-Based Bay Capital Investment And Hubert Burda Media Pvt Ltd.
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